Bitcoin traders, why don't you just trade forex? - page 22.

goldcoinminer

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Quote from: rik3 on November 20, 2016, 06:04:59 AM

Quote from: AyeYo on July 09, 2011, 08:53:57 AM

I see there are a lot of first time traders trading Bitcoin via the hack exchanges of MtGox and Tradehill. It makes me wonder, why don't you guys just trade real forex? You can open micro accounts with as little as $25. You get security far better than these shady exchanges. You get real customer service with a real business that won't disappear and leave you only an email address to cry to. You get real trading platforms with reliable data, not some ghetto hack stuff. You get plenty of liquidity, which allows of smooth trading. And, best of all, you don't have to worry whether it's legal or not! Trading is hard enough as it is, why anyone would want all these additional factors working against them is beyond me.

So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?

Bro According to Me Its About Knowledge and Experience That If Someone Has Knowledge About Forex Trading Then How He Can Do Bitcoin Trading and On the Other Hand If Someone Have Knowledge Of Bitcoin Trading Then How He Can Do Forex Trading.....
So its Clear That One Who Knows Bitcoin Trading then the Bitcoin Trading is Better For Him But Its Upon the Trader to Choose a Reputable and Legit Exchange......

One thing that attracts traders to choose crypto than forex is the minimum amount they an use to start, if you say that $25 is a micro amount but here even $1 you can start trading, less risky for you especially if you are starting up and that makes it a big difference.

rik3

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Quote from: AyeYo on July 09, 2011, 08:53:57 AM

I see there are a lot of first time traders trading Bitcoin via the hack exchanges of MtGox and Tradehill. It makes me wonder, why don't you guys just trade real forex? You can open micro accounts with as little as $25. You get security far better than these shady exchanges. You get real customer service with a real business that won't disappear and leave you only an email address to cry to. You get real trading platforms with reliable data, not some ghetto hack stuff. You get plenty of liquidity, which allows of smooth trading. And, best of all, you don't have to worry whether it's legal or not! Trading is hard enough as it is, why anyone would want all these additional factors working against them is beyond me.

So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?

Bro According to Me Its About Knowledge and Experience That If Someone Has Knowledge About Forex Trading Then How He Can Do Bitcoin Trading and On the Other Hand If Someone Have Knowledge Of Bitcoin Trading Then How He Can Do Forex Trading.....
So its Clear That One Who Knows Bitcoin Trading then the Bitcoin Trading is Better For Him But Its Upon the Trader to Choose a Reputable and Legit Exchange......

Rita Alexandrovich

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Thanks for the great info!

wildworld

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Quote from: Dudeperfect on September 05, 2016, 10:53:09 AM

I am trading in bitcoin as well as in stocks since last few months and I have never tried forex. I have been trading in stocks from long time as compared to bitcoin or crypto currencies but frankly speaking, I have never tried forex so far not because I find it bit complicated but I feel more safe in crypto currencies (which is not the actual fact), crypto currency trade is much comfortable for me than any other kinds of trade but still I would try forex soon.

If you are good crypto currency that is a very good point .I more specialized in buying silver, gold , palladium and paltinium . Those are my daily and sell on the forex market . I wish you a good start on the forex market .

capoeira

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Quote from: TraderETH on September 06, 2016, 10:19:29 PM

I don't trade forex because it is more high risk than bitcoin trading, i can't hold position in forex if i am wrong making prediction but i can hold bitcoin if bitcoin's price going down and i can use bitcoin for trading altcoins there are choice on bitcoin.

So, if you had bought at $1200, you would still have it? lol

TraderETH

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I don't trade forex because it is more high risk than bitcoin trading, i can't hold position in forex if i am wrong making prediction but i can hold bitcoin if bitcoin's price going down and i can use bitcoin for trading altcoins there are choice on bitcoin.

Darwin02

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Quote from: AyeYo on July 09, 2011, 08:53:57 AM

I see there are a lot of first time traders trading Bitcoin via the hack exchanges of MtGox and Tradehill. It makes me wonder, why don't you guys just trade real forex? You can open micro accounts with as little as $25. You get security far better than these shady exchanges. You get real customer service with a real business that won't disappear and leave you only an email address to cry to. You get real trading platforms with reliable data, not some ghetto hack stuff. You get plenty of liquidity, which allows of smooth trading. And, best of all, you don't have to worry whether it's legal or not! Trading is hard enough as it is, why anyone would want all these additional factors working against them is beyond me.

So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?

I guest there some people who trade in altcoin exchange already trade with forex same with btc or altcoin the most people like altcoin exchange because of volatility of price you will easyly gain profit in that in shortime of waiting. And of course easy to understand same as forex you need to learn the move of market first before investing in it.

Hellacopter

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There is many common factors between trading altcoins /Bitcoin, and Forex. But the main difference in my opinion is that Forex need usually big budget to start with it, however you can start with smallest budget when you trade Bitcoin and altcoins

Pursuer

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Where is my ring of blades...

Quote from: Zadicar on September 06, 2016, 03:21:54 AM

Quote from: Dudeperfect on September 05, 2016, 10:53:09 AM

I am trading in bitcoin as well as in stocks since last few months and I have never tried forex. I have been trading in stocks from long time as compared to bitcoin or crypto currencies but frankly speaking, I have never tried forex so far not because I find it bit complicated but I feel more safe in crypto currencies (which is not the actual fact), crypto currency trade is much comfortable for me than any other kinds of trade but still I would try forex soon.

You are right forex trading is somewhat difficult and a little bit confusing if you dont have enough full knowledge about it since there are lots of definitions of terms you must know and indicators which is a really pain in the first place when im studying to play on forex market but i made a demo account for 6 months and i could say that its really hard in the first place but in the end you would get the ways on how to do it. Crypto trading is easy when it terms of accesibility there no soo much thing to focus on because you could easily buy and sell anytime.

trading should be the same in forex and bitcoin trading! although I don't have first hand experience but they should be the same thing, with the same rules and also analysis is the same in everywhere which means you have to have the knowledge and study the markets first.

also I think many of crypto traders are also doing forex and those who don't may be they don't like it or they don't want to get banks involves because you can trade bitcoin/altcoin without needing a bank and involving them.

Zadicar

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Quote from: Dudeperfect on September 05, 2016, 10:53:09 AM

I am trading in bitcoin as well as in stocks since last few months and I have never tried forex. I have been trading in stocks from long time as compared to bitcoin or crypto currencies but frankly speaking, I have never tried forex so far not because I find it bit complicated but I feel more safe in crypto currencies (which is not the actual fact), crypto currency trade is much comfortable for me than any other kinds of trade but still I would try forex soon.

You are right forex trading is somewhat difficult and a little bit confusing if you dont have enough full knowledge about it since there are lots of definitions of terms you must know and indicators which is a really pain in the first place when im studying to play on forex market but i made a demo account for 6 months and i could say that its really hard in the first place but in the end you would get the ways on how to do it. Crypto trading is easy when it terms of accesibility there no soo much thing to focus on because you could easily buy and sell anytime.

capoeira

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a Forex position (open AND close) on a broker with a good spread will cost you around 0.01% fee (or/and spread)

wildworld

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Quote from: outatime1 on September 05, 2016, 02:12:39 PM

Aren't the fees high for that kind of trading? Trading bitcoin/altcoins you only pay a small percentage every trade. It's not a flat fee. For the exchange I'm using now it's something like 0.15% per trade which is pretty low.

In online forex trading Will Only Cost calculated per open position Online forex trading costs much less than online stock trading . You pay no commission and no administration costs. In online forex trading costs are calculated only every open position. These costs are also the same for small and large investors and very low. Online forex trading costs money, but only a fraction of the cost that you pay for trading in options or shares.

outatime1

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Aren't the fees high for that kind of trading? Trading bitcoin/altcoins you only pay a small percentage every trade. It's not a flat fee. For the exchange I'm using now it's something like 0.15% per trade which is pretty low.

wildworld

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Yes I am an experienced forex trader , I trade daily on the major stock market forex and this for 15 years successfully . I give to all my clients guarantee of capital and do not have a single customer disappointed .all they have built up a nice portfolio .
I do not believe in binary options !
.
Bitcoin will be much stronger in the future and indispensable!

Brownye

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Because i started my trading on yobit and i don't want to change

electronicash

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Quote from: memequiserle on September 05, 2016, 11:23:49 AM

is simple because bitcoin not margin call
hold is long term is no problem and no margin call

Damn right. even after 10000 pips is against the position a trader has entered can not be sanctioned to lose all his btc thru the margin call.
But thats also the sad part, you will have to wait forever for the price to rise up or else take your loss. But then a day trader would rather do it on binary than wait for the price to rise again.

memequiserle

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Chainjoes.com

is simple because bitcoin not margin call
hold is long term is no problem and no margin call

Dudeperfect

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I am trading in bitcoin as well as in stocks since last few months and I have never tried forex. I have been trading in stocks from long time as compared to bitcoin or crypto currencies but frankly speaking, I have never tried forex so far not because I find it bit complicated but I feel more safe in crypto currencies (which is not the actual fact), crypto currency trade is much comfortable for me than any other kinds of trade but still I would try forex soon.

DoublerHunter

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I don't know how to start trading in forex so i just use to trade bitcoins now because for me it's so simple and easy to understand even though that you are a newbie Cheesy

.

pooya87

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Quote from: capoeira on June 15, 2016, 10:02:11 PM

the problem for many Botcoiners who started trading on Bitcoin and go Forex is that they never learned position sizing/risk management. They are essencial for Forex trading because you can take way oversized positions because of leverage

yeah, i had no idea what trading is, and always found Forex,stocks market,... something strange which i couldn't figure out (i am still working on it though) but when i started using bitcoin i came to learn trading too. although i still think trading bitcoin, and altcoins are so much easier that trading forex, and with better profit too.

Topic: Bitcoin traders, why don't you just trade forex? - page 22. (Read 25308 times)